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Politics : Formerly About Advanced Micro Devices

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To: TimF who wrote (622999)	8/5/2011 12:53:57 PM
From: Alighieri	Read Replies (2) of 1579459

How much the economy is hurt by transfering that money to the feds (actually % of GDP of spending might be a better measure, because if the feds don't tax it, they have to borrow it also pulling it out of the economy, or they have to "print" it pushing harmful inflation). How much was it hurt in the 90s, or during periods of much higher marginal rates during which we had very good economic conditions? You guys are slave to an dogma that has as many exceptions in time as it does support. I think it's fair to say that there are many more factors to a thriving economy than taxation... Right...why are you arguing with me? Because your wrong, and about an important issue. What am I wrong about? The chart is clear... 1 - Your chart only shows income taxes. Ok...total revenue below...even more obvious...it takes almost 20 years to get back to 1999-2000 revenue...taxes have been gutted...you can't possibly argue with the data. 3 - Your chart supports my point. You had a recession and slow recovery and tax revenue was down. Then the recovery picked up steam and revenue went up to more normal levels, then you had a deeper recession and another slow recovery and the revenue was pushed down lower than it was in the previous drop, then the future years going forward (with the projections assuming economic growth) and the revenue gets up to a high level again. Here's a shocker...GDP never shrinks until 2009...and then only a little. So your point doesn't add up. bea.gov Al

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